Skip next section European stocks fall as investors get nervous before US tariffs
04/02/2025April 2, 2025
European stocks fall as investors get nervous before US tariffs
European markets were lower on Wednesday as investors were nervous ahead of , which are feared to usher in an era of slow global growth and higher inflation.
The pan-European STOXX 600 index was down 0.5% as of 0712 GMT.
A lack of clarity over the size and scope of the tariffs and the response from other countries has rattled sentiment, pushing the STOXX 600 to more than two-month lows this week and about 4.6% below its all-time high in March.
Eurozone bond yields, however, were little changed.
German 10-year bond yield, the benchmark for the eurozone bloc, was unchanged at 2.685, having dropped for five straight sessions. Italy’s 10-year yield was also steady at 3.796%, and French 10-year bond yields held at 3.404%.
Meanwhile, Asian stocks were mixed on Wednesday, with benchmarks little changed.
Japan’s Nikkei 225 was up 0.3% at 35,725.87. Hong Kong’s Hang Seng was down 0.1% at 23,176.47, while the Shanghai Composite was down less than 0.1% at 3,346.66. Australia’s S&P/ASX 200 was up 0.1% at 7,934.50. South Korea’s Kospi fell 0.7% to 2,504.86.
https://p.dw.com/p/4sa3U
Skip next section Major world economies vow retaliation against US tariffs
04/02/2025April 2, 2025
Major world economies vow retaliation against US tariffs
In anticipation of the announcement of new US reciprocal tariffs, the world’s major economies have vowed to retaliate.
The has a “strong plan” to retaliate against tariffs imposed, and set to be imposed, by US President Donald Trump, but it would prefer to negotiate a solution, EU Commissin President Ursula von der Leyen said on Tuesday.
“We are going to be very deliberate in terms of the measures we take, to fight for Canada,” Prime Minister Mark Carney said on Tuesday.
Prime Minister Anthony Albanese and his rival in May’s election, Liberal Party leader Peter Dutton, said they would stand up for the country’s national interests in the face of looming US tariffs.
Meanwhile, other top exporters are trying to build alliances to counter the US, with on a free trade agreement.
And Vietnam, in an effort to appease Trump, said it would lower tariffs on a number of goods.
https://p.dw.com/p/4saAP
Skip next section Welcome to our coverage04/02/2025April 2, 2025
Welcome to our coverage
US President was poised to impose sweeping new on Wednesday, a day he has dubbed “Liberation Day.”
An announcement ceremony in the White House Rose Garden is scheduled for 4 pm local time (2000 GMT).
We will be following the events surrounding the announcement, as well as how markets and other countries react to the new US tariffs.
https://p.dw.com/p/4sa0I
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